Purchase Marine Insurance Before You Ship a Car
We Offer FULL Coverage Marine Insurance
We offer FULL COVER Marine Insurance against Loss or Damage from the time your vehicle is loaded onto the vessel for shipment at a rate of 1.75% of the value you wish to insure for. There is a $500 deductible. This coverage ends after you take delivery of the vehicle at the destination. It is not insured while waiting to be loaded at the shipping line terminals. Your current insurance must be in force to cover you against any loss or damage until such time as your vehicle is loaded onto the vessel.
Ship Overseas maximum liability per shipment is $500 pursuant to COGSA (Carriage of Goods at Sea Act). Ship Overseas recommends that all shipments be insured for transit cargo insurance (marine insurance) on a first dollar basis for losses incurring in transit.
In short, we offer 1.75% of the value of the vehicle for FULL coverage, theft, vandalism, total loss, damage with a $500 deductible. Total Loss for 1.25% charge for the value of the vehicle. Coverage begins when the vehicle is loaded onto the ship and ends when signed for at pickup.
For vehicles that are recently purchased and have no insurance, please call us and we will obtain an extension from the time the vehicle reaches the shipping line terminal. When the vehicle is picked up from home or a dealership, the vehicle is automatically covered against LOSS only and not against dents or damage while in transit. Any damage in this regard has to be covered by a claim made against your insurance company. With Roll on Roll off shipments, no goods are permitted in the vehicles, so only the vehicle will be insured.
In conclusion, this insurance is not required when shipping a vehicle or anything else overseas, but it is highly recommended. If you don’t want to pay for 100% coverage, you could cover the vehicle for 50% or 75% of the value but you would have to pay for out-of-pocket damage that may occur. This is rare but accidents do happen, especially in rough seas during hurricane season from June to November.
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